Financial Literacy Vocabulary Terms

Using a credit card allows you to...

• put money into a savings account.
• purchase something now and pay for it later.
• take money directly from your checking account.

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

All of these are examples of types of credit except:

• savings account
• college loan
• credit cards
• car loan

Going to work at a job is a way to....

• get fired

• earn money

• make new friends

• buy a motorcycle

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4

Scarcity is

• when there is too much of something

• when there is too many of something

• when there is not enough of something

• when you are afraid to lose all your money

When you write a check from your checking account this is a:       

• Credit added to your balance.   
• Debit subtracted from your balance
• Credit subtracted from your balance.
• Debit added to your balance.

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

The lowest amount of money shown on your credit card bill that must be paid every month is called the: 

• late fee
• minimum payment
• credit limit
• previous balance

Money that you make is called...

• income
• variable expense
• propery taxes
• fixed expense

Something that you pay is called....

• income
• an expense
• a profit
• savings

Will spends $8.00 on what he needs to make hot dogs.  If he sells 20 hot dogs for $1.00 each, how much is his profit?

• $20.00
• $12.00
• $10.00
• $11.00

Tags

CCSS.7.EE.B.3

This is a personal letter that you submit with your resume that tells why you are interested in the job, what you can offer, and how you found out about the position

• Resume
• Application letter
• Letter of Reference
• Cover Letter

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.8.3

CCSS.RI.8.5